$2 billion worth of LNG is currently floating off Europe’s coast due to a lack of LNG capacity and low prices. The tankers have an incentive to stay where they are as traders expect prices […]
November 4, 2022 Data source: U.S. Energy Information Administration, Monthly Electric Generator Inventory, Short-Term Energy Outlook Eight new natural gas-fired combined-cycle gas turbine (CCGT) power plants have come online or will come online in the […]
By Greg Miller of FreightWaves Three months ago, executives of Maersk expected the container shipping market to peak and turn downward sometime in the fourth quarter. Just a few weeks later, they were proven wrong. […]
From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood h/t Joe Public Talking of glaciers, this BBC report from eight years ago was a bit more balanced: A glacier was still in […]
On Thursday, the International Energy Agency (IEA) said in a new report on the future of the energy market, that the EU may have to continue to endure the present energy crisis through 2024. In […]
Bloomberg issued predictions for the forthcoming jobs report from the Bureau of Labor Statistics, predicting that jobs growth will have slowed in October as the Federal Reserve pushed ahead with its strictest monetary tightening regimen […]
Just days after the Canadian government introduced tougher rules on foreign investments in Canadian mining companies, the government has ordered three Chinese firms to divest their interests in critical minerals companies, due to national security […]
On Thursday the Bank of England announced it would hike interest rates by 75 basis points – the biggest rate increase it has implemented in 30 years, as it battles skyrocketing inflation. It was the […]
Europe has a tough winter ahead. Without Russian natural gas, the bloc has a shortage of energy. This has ratcheted up heating bills, and as we’ve already seen, it’s households bearing the brunt of the […]
Now it isn’t just overpriced public “visionary” investments Cathie Wood is offering to potential investors, the ARK Manager is now also trying to hawk shares of the newly-private Twitter, according to new reports. Now that […]
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